Financial Planning for Veterans is Different


Every Veteran is unique and requires personalized financial advice

According to the most recent data from the U.S. Census, there are over 17 million Veterans in the United States and more than nine million of these Veterans are served by the Department of Veterans Affairs.

Ironically, serving your country sometimes brings tough economic times to you and your family. And while the VA can offer some wonderful programs – like the Aid and Attendance benefits and Household allowances – the VA does not offer financial planning.

So, where is a Veteran to turn?

A Financial Advisor

A financial plan needs to look at every bit of your life, not just your investments. A financial advisor will look at your whole financial picture.

Financial advisors essentially come in one of two types:

  1. Commission-based, which means they earn money based on your investments and planning choices; or
  2. Fee-only, which means they work for a flat rate or a percent of your assets and earn nothing extra based on your decisions.

A financial advisor will ask you very specific questions about your financial goals, but will also spend time asking you how you got to the present.

Many questions will be about your service too:

  • Where did you serve?
  • Which branch?
  • For how long?
  • Were you wounded?
  • What was your rank?
  • Are you receiving VA benefits now?
  • Are you aware of various VA benefits?

These questions will be interspersed with others like:

  • Do you want to save for retirement or a child’s college education?
  • How is your health?
  • Who else depends on you?
  • Retire early or later?
  • Sell or buy a retirement home?
  • Are you risk-averse?
  • Do you plan to work in retirement?

Our team is a proud supporter of our Veterans and believe that you deserve peace of mind when it comes to your retirement. If you or someone you know need a second opinion, please click here to schedule a call with one of our financial planners:

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